Can Green Investors Suppress Carbon Emissions of High-energy-con-sumption Enterprises?
As an important force to promote the green transformation of enterprises,whether green investors can promote the carbon emission reduction of enterprises has become an important research topic.In this paper,we take the energy-consuming listed enterprises in China as the research object to explore the impact and mechanism of green inves-tors on carbon emissions of energy-consuming enterprises.It is found that green investors can effectively curb carbon emissions of energy-consuming firms and exert carbon reduction effects mainly through curbing managerial myopia and promoting green innovation of firms.Further analysis shows that the carbon emission reduction effect of green investors is more significant in state-owned enterprises,less market-oriented and more environmentally regulatory-intensive re-gions than in non-state-owned enterprises,more market-oriented and less environmentally regulatory-intensive regions.The findings of the study help to clarify the carbon governance effects of green investors and provide useful lessons for the achievement of peak carbon and carbon neutral targets.
green investorscarbon emissionsmanagerial myopiagreen innovation
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